Momen urges Chinese manufacturers to invest in Bangladesh

Foreign minister A K Abdul Momen on urged Hong Kong-based Chinese manufacturers to invest here terming Bangladesh as an unexplored gold mine that offers cheap labour and low energy cost to the foreign investors. ‘Explore Bangladesh potentials, if you make money come here (make investment) earlier than others,’ he told a seminar titled ‘Trade and Investment Opportunities in Bangladesh’ at foreign ministry in the capital. Besides cheap labour, Momen said Bangladesh had a vast local market with 160 million of people to consume various goods. ‘You will make money, in return Bangladesh will get more employment opportunities.. it will be a win win situation,’ he said. He urged the Chinese investors to explore various potentials of Bangladesh so that they could decide which sector would be beneficial for them. Momen said Bangladesh was looking forward to get huge foreign investment and trying to diversify its trade basket to achieve desired development goals set by prime minister Sheikh Hasina turning the country into a developed one. Foreign ministry organised the seminar in collaboration with Bangladesh Investment Development Authority to present Bangladesh investment potentials before a delegation of Chinese Manufacturers’ Association, now visiting here. During the seminar, high officials of BIDA, BEZA, BEPZA, High Tech Park and PPP presented separate presentations before the Chinese manufacturers highlighting various incentives offering by the present government to get Foreign Direct Investment.